EXIDEIND trade ideas
EXIDE INDUSTRIES LTD TECHNICAL CHART SETUP FOR SWING/INTRADAY Likely to touch its support levels of 260/250
Trend Line giving SupportTrend Line giving good support to Exide Industries. Can be used for swing trading. Stoch is also in overbought zone.
Exide Bounce Uptrend Trade Entered on 23rd August 2018 on 299.5 with a stop loss at 288.2
Current Trailing Stop loss = 288.2
In case of hitting stop-loss loss of 11.3 points.
Sell on Rise Futures ( Old school Or New School, its same) Well this is what happens when entire mass is at one side of buying and institutions are happy in selling on every rise , because retail buys at high and sell at low , weather its old school or new school its same , if you are in long trail your stop
One can look for dramatic drop in price action then sell on pull back rise , sit with it , it will likely give Good return
Initiate a Short Trade on ExideIndInitiate a Short trade on EXIDEIND , from 296.7, SL @ 299, Targets (1) 292, (2) 289, (3) 285, (4) 282, (5) 280, (6) 279,(7) 277.5.
After completion of 1st target, revise stop to cost
EXIDE Rising WedgeEXIDE made a sharp move today with 14 times the average volume(on daily timeframe) to reach the top of the wedge on weekly. Awaiting a breakout/reversal on account of results.
Bearish likely sell with huge volumessell at breaking low of previous day and target 3 points stop loss above yesterday high..
